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FOX Business
Jan 27, 2013 2:30am EST
the internet . two golf greats, driving a message to tax happy lawmakers. see if their message is heard. cashin in kicks off right now. good morning, i am eric bowl glad you are joining us. mr. wayne rogers and johnathon honic and tracey burns and sandra smith and dennis. welcome everyone. forget the pay roll tax hike and fiscal cliff deal. senator chuck schumer making no secret tax hikes are coming. tracey much like phil mickleson enough is enough. >> eric enough is enough. i barely saw my paycheck. i am glad phil mickleson spoke out. he can leave and go to another one of his homes if the estate taxes are too high. >> i can't. unless we move the new york study is itio. i got to live near my job. i don't have that luxury. >> johnathon aren't we taxed enough already. >> we are indeed . states like new york and eric you are talking about 60 percent of your earnings. no wonder they are leaving in droves. high taxes, taxings are forced. high taxes prompt an exodus whether tiger woods or going back to the uk in the 70s, the rolling stonings. if you work and don't get to keep the product of your labo
FOX News
Jan 26, 2013 11:00am PST
, pro golfer, says that high taxes may drive him out of california. we've got discussisuggestions w should consider if he moves. and hillary clinton, her legacy as she prepares to leave washington at least for now. now. >> we will respond to the threat of climate change, knowing the failure to do so would betray our children and future generations. >> paul: welcome to the journal editorial report, i'm paul gigot. that was president obama in his inaugural address monday, promising to make global warming a top priority in a second term, it's an issue that is sure to bring some fierce policy showdowns, the first of which may come under the keystone xl pipeline since 2008. and a revised route through nebraska this week, the final hurdle to the project at the state level and 53 senators, including 9 democrats sent a letter to the white house on wednesday urging president obama to expedite its approval. and joining the panel this week, wall street journal assistant page editor, james freeman and senior economics writer steve moore and washington columnist kim strassel. kim, where did tha
SFGTV2
Jan 28, 2013 2:30pm PST
happening in the background like the transition of the different payroll tax incentiv incentives. the tax and treasures office is beginning their implementation but the basic concepts are we we need to help business prepare for a transition. so in your binder is a - is information that we've put together so that if i go to a business association that i hand this out to walk them through. some of this i'm going to highlight on some of this. let's go to the first slide. next thank you. so as your well aware that now we have a 1.5 percent payroll for businesses in the city that have payroll over $250,000 i should say 2 hundred and 50 thousand one dollars. of a business is under 2 hundred and 50 thousand they don't pay the payroll taxed. so the grois receipts will phase over a 5 year period starting the tax year of 2013 so next year. and this phase is is to low both businesses and the city to have a smooth transition so that if for any reason the gross receipts is not bringing in as much money we are operating as a deficit but it the gross receipts is coming in a herself we might phase in in
SFGTV
Jan 22, 2013 9:30pm PST
to reflect the addition of five positions in the office of treasurer and tax collector for the implementation of proposition e and the gross receipts tax. >> would you call item no. 8 as w. item no. 8, ordinance appropriating $1,566,145 from the general fund reserves so to the san francisco department of treasurer/tax collector for gross receipts tax implementation planing for fy2012-2013. >> these two item goes hand in hand. so we have, i believe greg cotto from the treasurer/tax collector to present on these two items. >> good afternoon, supervisors. thank you very much for taking up these items. and i did want to, before i get into this presentation, thank the mayor and particularly the mayor's budget office and controller and his economic team, as well as the city attorney's office. president chiu, supervisor farrell and supervisor avalos. i would like to give a brief overviewhoun it changes things fort taxpayer and how the office of treasurer/tax collector interacted with the public. the ordinance was passed on november 6th. and it does not apply to the 2013 or prior tax years. and
PBS
Jan 27, 2013 1:00pm PST
-- why small businesses are protesting against tax collectors. and luxembourg -- why illegal immigrants there want to get registered. children are typically raised by tibia will parents, but does it matter if they are a mother and father, or can two fathers or two mothers do just as well -- children are tically raid by two parents. single-sex families are a controversial issue in europe. the number of so-called rainbow families are on the rise, but their legal status varies from country to country. in germany, gay and lesbian couples cannot jointly adopt a child or a baby. they can only adopt as individuals. in france, when the government announced its intention to give homosexual couples equal adoption rights, large crowds took to the streetsn protest. >> for these two little boys, having two mothers is nothing unusual. their parents are a lesbian couple. beatrice, seen here, adopted the boys as a single woman. her partner had no legal say in it, and by french law, singles may adopt, but same-sex couples may not. an initiative is under way to change that. for these two women, that woul
FOX News
Jan 27, 2013 12:00pm PST
in his second term. why that may end up costing you big. plus, pro-golfer phil mickelson says high taxes may drive him out of california. we've got some suggestions on what states he should consider if he moves. and hillary clinton's swan song. look at her performance this week on capitol hill and her legacy as she prepares to leave washington, at least for now. >> we will respond to the threat of climate change. knowing that the failure to do would betray our children and future generations. [cheers and applause] >> welcome to the journal. editorial report. i'm paul gigo. that was president obamahi prom messing promising to make global warming. first may come over the keystone excel oil pipeline which has been under review since 2008. governor proposed a revised route for the pipeline through nebraska this week. the final hurdle to the project at the state level. and 53 senators, including nine democrats sent a letter to the white house on wednesday s urging president obama to expedite its approval. joining the panel this week "wall street journal" assistantan editorial page editor jam
SFGTV2
Jan 21, 2013 11:00pm PST
answer the 1% question. what tax rate would you be willing to be taxed at if people at that level are all taxed at a rate? >> i would go back to the eisenhower rate. you know what eisenhower was taxing people out? 70% to 90%. you want to go back to a rate where there is a supertax on the very rich and millionaires. you want to get rid of the loopholes. look at the capital gains tax of 15%. we are taxing work the barely taxing wealth region but barely tax and wealth. that is the wrong priority. -- we're taxing work but barely taxing wealth. the robin hood taxes an idea whose time has come. radicals light nicholke nicolasy and angela merkel have a tax on currency transactions that would bring in $350 billion a year. some of my heroes are the nurses of this country. national nurses united heal america. tax-loss >>> there are a slew -- tax on wall street. there are a slew of good things that 1%ers are for. >> he is not really offering of a lot. >> he is talking about being taxed less than his assistant. there is a group of patriotic millionaires. it is the belief that you owe backe to
FOX Business
Jan 25, 2013 8:00pm EST
control, and tax hikes. you notice anything missing? bob cusak and sabrina says democrats are embolden this time and spending cuts last on the list. bob, first to you. bob, the president is essentially a lame duck, the second term, 16 months. that's a lot to deal with in 16 months. what's first on the agenda, do you think? >> first is gun control, and, obviously, this was before the connecticut shooting, but he did not talk about it in the first term. he didn't push it. he's going to be pushing that, pushing immigration, pushing climate change, but spending is not on his agenda, cutting spending. i think he was interested in 2011, almost got a deal with speaker john boehner on a grand bargain on entitlement reform, crafting a budget now. i don't think you're going to see major cuts in that. it's a significant shift. remember, obama said the deficit kept his awake in the first term. through his actions, you know, he's not pursuing a lot of cuts and changes to entitlements. liz: what is feasible for the president to get through with a window of 16 months? gun control? what do you think h
SFGTV2
Jan 25, 2013 7:00pm PST
taxes for the rich and no fair share who want to live in the privatized environment and not care about the civic situation. that is truly damaging to the possibility of already beleaguered ideals. nothing is simple. i cover the former soviet union and russia. i could go on at great length about how boris yeltsin undermined democracy and became a hero democracy. lech walnsa in many ways was not the. working bloke many made him not to be. gorbachev was a visionary who came to power. he saw he needed to change the country. he used his powers to do that. he withdrew from afghanistan. he called for nuclear abolition. he worked with ronald reagan. he understood you need political solutions, not military solutions. when the soviet troops were ready to come out of the barracks so the berlin wall would not come down, he told them to stay in the barracks, the empire is going. we cannot be a country that will be one of glasnost and perestroika if we live the way we have. it is the 20th anniversary of the soviet union, the end of the soviet union. many people in russia blame him for the economic c
FOX News
Jan 22, 2013 9:00pm PST
. >> sean: now, the president just got his big tax increase, he got everything he wanted and now he says he wants more. now, chuck schumer is saying, i'll play this in the next segment that he wants tax reform, but tax reform means another increase of revenue, in other words, another increase in taxes. is this negotiatable? will house republicans hold the line? and how do you stop this president? i mean, can you shut down the government? are you willing to shut down the government if the president won't deal with entitlement reform where all the spending is? >> look, you have to deal with entitlement reform if you want to save medicare, that's where the president has been so wrong. we've passed one of the toughest budgets anybody has looked at saving medicare and we grow the economy 13 million people are out of work, we put them back. this is a very conservative congress, and we've stand on ours, and this fight will put us on stronger ground and more importantly shall the american people are going to be with you from the statement if you can't pass the budget you shouldn't be paid and how c
FOX
Jan 23, 2013 11:00pm EST
issuing tickets uncovered. the major problems - maryland'' gasoline tax has not been increasedin morr than &p20-years. still eeploringoptionn to aree - boost revenue for transporratiinprojeccs. ootions to boost stilllor - exploringlawmakers arr but years.in more than 20-increased noo been gasoline tax hhs maryland'ss maryland's gasoline tax has 20-yeers.increasedin more than pears.but state lawmakees are still exploringoptions to boost revvnueefor trannportationnrrjjcts.senate like to see baltimore city,, anne arundel andbbltimore counties have the authorrtyto raise local property taaes...and use themoney exclusively for mass transit. bbt he also waats to phase in (millerr "everyone would pay a modest gas tax, aathree percent sales tax tackkd on at the wholesale level and that would raise $300 million and &pthat could be uued for oads " state."so far...no word from the governor onany proposals to raise the gas tax orsales tax tooboost transportationn funning. one man... is killed.../ anotter injured.... shootinn... in... southeast &pbaltimmre . .we... were... on the sc
FOX Business
Jan 21, 2013 6:00pm EST
. melissa: that was quick end to the point. at the career of being taxed without representation right now. that is all the "money" we have for you today. we'll see you back here tomorrow. gerri willis is up next. ♪ gerri: hello, everybody. i'm gerri willis. tonight on "the willis report". >> is hello kitty really terrifying to some of us? why is one pennsylvania kindergartner in big trouble over his toy gun that only shoots out bubbles? we will have the details on this extraordinary case next. and as president obama celebrates his inauguration day, what will another four years mean for us? >> new ideas and technology. >> that, if you have just a cold? died missing themselves instead of going to the actual doctor. but is this safe? we will ask dr. mitchell brooks. "the willis report" is on the case. gerri: tonight stop -- top story takes us to a suburb located about 90 miles northwest of philadelphia. officials at an elementary school have suspended a five year-old girl over what they called terrorist threats. after the kindergartner reportedly told a classmate that she wanted to share w
CSPAN
Jan 27, 2013 7:00am EST
cuomo from erik. james says in connecticut there are two major problems, the deficit and more taxes. both problems are created by one party rule. what are the big issues in your state? join that conversation on facebook by looking for c-span. let us take a look at the balance of power in state. we can see here who controls the governors' seats. 30 republicans states in red, 19 democratic, and one independent in rhode island. but as your what ray has to say on our democrats line. caller: good morning. i wanted to say that i believe here in the state of texas -- our standard of living is what keeps is going. nobody can live on $7.25 hour. our standard of living is so below the economy it should be at $12 per hour. everything is so expensive right now. it should be, at the very least, $12 per hour. host: you are calling to raise the minimum wage? caller: yes, ma'am. if everybody makes at least $12 an hour, this country would boom so fast. here in the state of texas -- i think it is everywhere. the corruption of the governor and the mayor. big corporate donors, big business owners. they
FOX Business
Jan 21, 2013 9:00pm EST
term at higher taxes, a burden for every american. could they bring an end to the career of one of my favorite golf first? find that next. ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thanyou. ♪ overmany discounts to thine customs! [old english accent] safe driver, multcar, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometand we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. moreiscounts than we knoweth what to do with. now that's progressive. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorni
FOX Business
Jan 25, 2013 9:20am EST
. and there is money moving away from high tax states and moving to lower or no tax states. and travis wrote the book "how money walks", a pleasure to be here. stuart: we've got the fancy technology and the number one state where money is walking away. the number one state. right here in new york, we've seen a loss the last 15 years internal revenue service and u.s. census bureau combined. 58 billion out of the state. stuart: there's new york and 58 billion out. >> going to the other places. stuart: is california second? >> that's right you've got nearly 32 billion dollars migrated out. adjusted growth income out of california to the other states. stuart: hold on, talking adjusted gross income. california 31 billion dollars worth of income, that means middle class, wealthier people, they're the ones who moved out taking that money with them. income out. >> that's right, we're looking at 1040 tax returns, taxpayer mobility and not just talking professional golfers or presidents of state. we're talking about working families and all sizes of businesses and going all over the country. stuart: is there
CNBC
Jan 22, 2013 4:00pm EST
yesterday the lack of any talk of fiscal restraint. we know regulations, taxes are going up 2013. kudos to corporate america for pulling in these numbers in this environment. >> how about david garrity? you want to weigh in on these numbers. >> 4% gain on the stock. >> on the ibm numbers, fear there would be around the conference call four years ago. their main stram, which they just launched to september saw good acceptance in the fourth quarter and all the concerns that people had about corporate investment and all that because of the fiscal cliff issue, tax reform. obviously these being put bait by what numbers are being put up in terms offing revenue strength. ibm a good bellwether versus tech bjorklund and paul, david, thipg thank you. my friend snow greco, when do you think in the market will go higher? >> i'll just plead the fifth on that. >> all right. i hear you. thanks for joining us. michael, rich, always good to see you. >> thanks, guys. >> to wrap up, ibm's solid beat on the bottom line and top line better than expected. >> google. top line. bottom line, we're working on it
CNBC
Jan 22, 2013 7:00pm EST
and leave high tax california? of course he should. we'll discuss his comments. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> presidential inaugural addre addresses are supposed to be less than a campaign speech. listen for yourself. >> fidelity requires new responses to new challengemis. preserving freedoms requires collective action. to me that spells more government. but listen to this next one. >> the co
FOX Business
Jan 26, 2013 12:00am EST
increases do not reduce the deficit because every dollar of tax increase leads to, of $1.17 in additional spending but spending more money to people who will waste it only encourages them. we are not sending any more and. >> most economists agree you need a comprehensive mixed of cuts and increases. liz: i am done with the economist. we tried that and look where we are. we have a huge entitlement problem. >> also in the uk we have that. liz: britain is not the size of the united states. we have different issues. >> yes but we have to much austerity you do not want to go our direction. liz: you have been terrific. have a terrific weekend. thank you for watchingre's praye stock, everybody. >> money is next. melissa: here's what's "money" tonight. tim guy near -- geithner out the door, and president obama said he was one of the best ever. we have his report card and whether jack lew can do better. may be the end of the union as membership plunges to a 97-year low. there could be one thing to save the union. we have the former chief here to explain, and there's swatting and m
FOX Business
Jan 21, 2013 9:20am EST
. >> good morning, everyone. if you thought tax the rich was over, please think again. in a new budget, senate democrats reportedly want more taxes on the rich and more taxes on oil and gas companies and hire of taxes on corporations make money overseas and charles schumer make more for taxes on meet the press yesterday. >> we need the money and second, a great opportunity for us, in our budget, we will have tax reform many my republican colleagues like, but it will include revenues and a great opportunity to get us more revenues to help in part deal with sequestration and deal with-- >> senator schumer. stuart: you have a great opportunity. so that's where we are headed and the next four years does indeed kick off it had. for a moment. look back. the president's policy mass been to spend more, tax the rich and protect the debt. in 2009 the debt was a little over 10 trillion and nod it's skyrocketed. it's over 16 trillion and it will be 17 trillion by this fall. the number of people on food stamps way up. in 2009, 33 million. today, that number all the way up to 47 1/2 million and stil
FOX Business
Jan 25, 2013 5:00pm EST
other than taxing the rich did nothing to give us deficit reduction or offer accommodations or not entitlement spending that's the longer term debt driver. melissa: susan, talk on the stimulus, how much is directed by him, and how much he had control over or warn what was coming down the road in terms of the bills. what do you think? >> there's revisionist history going on with my fellow panelists, i think. part of the negotiations around the stimulus at that time, republicans wanted even more of the stimulus to be in the form of tax cuts. one-third was tax and two-thirds stimulus. they already didn't like the plan. this was a negotiated solution what we had, and so the idea of putting more money into infrastructure, absolutely, all for it, and tim would have been too 6789 what's the political environment you operate in, and it was not going to happen at that time. unfortunately, that problem persisted, but if you remember, you know, take yourself back to the fall of 2008, beginning of 2009, and you look at the tenure here. we had gdp contracting at, like, 8%. we were hemorr
CSPAN
Jan 23, 2013 5:00pm EST
. particularly we passed by a powerful bipartisan vote of 89-8, a bill that avoided tax increases for 99% of americans and extended emergency unemployment benefits for another year and protected us from the fiscal cliff. when it comes to legislating, the senate actually has a pretty strong bipartisan record. how did those senate bills do on the house side? well, the house couldn't pass its own highway bill. congress has been doing highway bills since the eisenhower years. this isn't rocket science. the house couldn't do one. the best the house of representatives could do was to pass a short-term extension that allowed some of their members to get to conference on the senate bill. but they took no bill into conference because they couldn't pass one. even then they delayed the conference negotiations and they cost the united states of america an entire summer construction season for highway construction, putting thousands of jobs in jeopardy before they finally came around and passed an amended version of the senate bipartisan highway bill. so their record on the highway bill is nothing to
FOX Business
Jan 27, 2013 1:30am EST
and the no new taxes pledge and the black caucus, threats against anyone who cuts any hint of services and entitlements. scared of the aarp, ending anything having to do with retirement or medicare. >> and in the end of the day we'll be in default and like the story, f. scott fitzgerald-- or hemingway, went broke during the crash and he asked how it happened and he said gradually and then all at once, that's what will happen to us. >> one thing at that doesn't stop, the meter, the debt meter, mountain of debt. >> on and on. the average family in this country $52,000 your share of the federal debt and let me tell you, even if the left and right agree where to cut and give you an example here, there is an example, the christopher columbus foundation, $450,000 line item in the budget and congress tried to kill it it seven times, seven times this program continues to this date. and the president tried to kill this program. it still goes on, and these guys can't save money for love or money. >> and charlie, were you standing up for the christopher columbus thing? or were you the one in the
FOX Business
Jan 22, 2013 8:00pm EST
to pass a budget, but the senate cease going to pass a democratic budget, one that raises taxes and probably increased spending, too, and what good is that? we're not requiring the senate to balance the budget in ten years, 25 years, or ever. i don't know what good is coming from the deal. you're right. it's unfortunate, and it's a retreat. remember this, he may not have the votes to pass it tomorrow. conservatives in the house can still step up and say, no, listen, we're doing something today. today is the day to save the nation and children. neil: could be the argument that, you know, cooler heads prevail, get the ducks in order doing this in may versus now. i think on both party's houses for just delaying making such decisions, period. >> we've been kicking the can for a couple of years, if not longer, others argue that, but i think having this conversation four times a year for the next couple years or however long it takes is a really, really bad idea because the margs needs stability. businesses need stability. >> maybe not. the markets are fine with it. >> creditors need
NBC
Jan 25, 2013 11:00pm EST
the local gas tax. >> temperatures will hang around for the weekend. there is a warming trend in the seven-day forecast. >> new details on the baltimore city speed camera and red light program. there is an investigation to figure out if the motorist should receive a refund are. both speed and red light cameras cameras remain shut down in baltimore city. >> fasten your seatbelts, there are more proposals to increase the state gas tax. we have details. >> there are more gas tax increase ideas floating around in annapolis. >> some of those ideas are starting to coalesce. my hope is that we can get a critical mass behind a set of ideas so we can advance forward. it would allow the local government to raise the local gas by two cents per gallon. >> we have counties that come in and ask for hundreds of billions of dollars in transportation projects and then they say not to raise the gas tax. basically i'm putting it back on them. >> he likes the idea is so allowing locals to raise gas tax by $.10 per gallon. they are suggesting that the state lease to a private operator. they can use the funds t
CNBC
Jan 22, 2013 1:00pm EST
phil michakelson tee off over his taxes. and he's not going to take it anymore, or is he? sue herera is live at the new york stock exchange. >> earnings are front and center with j & j, dupont, travelers all out with results. more on them in a few minutes. let's get you ahead of the curve. google is getting ready to report its latest results after the bell. fears about an ad revenue and major focus on those shares. google right now is down 3 bucks on the trading session. john is in silicon valley with what investor s need to know ahead of the numbers. >> couple of important themes this quarter, mobile and mobile. mobile's impacted on the core business. as more people do searches from mobile devices, google's revenue has been coming down. it's more than likely this trend will continue as smartphone and tablet sales spike. cbc could come down 11%. it was down 15% last quarter. then we have the nexus 7 and nexts 10 tablets. in q3, some analysts estimate google sold around 100 million tablets. and then you have motorola, and i am hearing the mobile phones are not selling that well. last
FOX Business
Jan 23, 2013 9:20am EST
planet, that's already been proposed. they will move on to taxing the rich some more and then defending the welfare state. in short, president obama's inaugural address will be echoed over there. he gave davos the blueprint and the high and mighty will adopt a collectivist mentality, but we will not. no elitism here, "varney & company" is about to begin. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you h heartburn. ♪ tum tum tum tum tums >> watch out, big financial revelation coming, we don't focus much on earnings here, but apple, that's no ordinary company. if you have a mutual fund or an index fund you own a little bit of apple. it it has, by the way become what i'm calling a door stopper. the stock price holding right
FOX Business
Jan 24, 2013 12:00am EST
's taxes. with taxes spiking the rich are fleeing for the borders. how much can the state take from the wealthy before there is nothing left? today's "money" power panel weighs in. >> didn't think new york apartments could get any smaller? oh how wrong you are. micro apartment are coming to the big apple. could the miniature spaces bring big profits to the developers and will they spread to more cities? one of the architects is here with the details. even when they say it's not, it's always about money. melissa: first let's look at the day's market headlines and today's market moment. the beat goes on for the bulls. strong earnings from the likes of ibm, and google helped give a boost to stocks. the dow and s&p 500 hit fresh five-year highs. the blue-chips rose 66 points. apple earnings are sliding after-hours. the company reported fiscal first-quarter earnings just a short time ago, beat expectations on the bottom line. came in a bit light on revenues. mcdonald's shares climbed. it beat expectations on the top and bottom line in the fourth quarter. also reported a solid rebound in
CNBC
Jan 24, 2013 7:00pm EST
. the consumer is in a worse spot primarily because of tax hikes. supply side economics, right. so apple is a consumer company for the most part and i think that any consumer company will struggle. >> that's an important point. let's follow that point. is part of this apple drop weakness in consumer spending or expected weakness, or is it, in fact, the competition from samsung and the fact that the company is not executing. in other words is it a company story, an economics story, what is it? >> there's a lot of company specific stuff going on just comparables this quarter versus a year ago. that's part of it. it's a maturing company to a degree. it's going through its growth phase. now getting into the phase which hopefully will last a long time you focus on return on invested capital. that could be fine. the market has to adjust to that perception. i think the consumer point is a good one. is the consumer going retrench with higher taxes and we see the jobless claims out the last few weeks -- >> coming down. >> they are looking great. >> is it seasonal or real. we won't know that for a
CNBC
Jan 23, 2013 7:00pm EST
the payroll tax cut will cut into consumer discretionary spending down the line. apples ipads and iphones sold a lot but the profit margin was slim. is this a company story where the company is in trouble after the great steve jobs has passed snarp. >> it feels that way, larry. we've got this darling-to-dog story we've seen so often notice tech space. we have a gadget company in the tech space that's struggling with margins on its gadgets and a lot of the worst fears that they would face other gadgets from other kinds of companies seem to be coming to pass, but the service tech companies like google and netflix, they're all of a sudden out there increasing share. >> knock the cover off the ball. >> knock the cover on. and as long as you have a razor blade story and not a razor story, i think that's the difference peer. >> dave goldman, am i wrong? sometimes ji am very wrong. does this forecast a stronger american economy, even a moderately stronger economy? >> absolutely not. i was a raging bull in 2012. i'm neutral on it. the s&p is trading tick for tick with liquidity measures, such as infla
CNBC
Jan 24, 2013 4:00pm EST
majority leader eric cantor is there and says the to leaders tax eswill not sigo up. you're watching cnbc, first in business worldwide. >>> we have had a busy, a barrage of earnings. we've had microsoft and at&t and starbucks, all posting their latest quarterly results minutes ago right here on the show. let's get a roundup now that we've had time to digest and read through all the earnings action. rights, bertha? give it to us. >> reporter: not full digestion but a tummy still full looking at the numbers. fiscal second quarter for microsoft beats by a penny. street looking for 75 cents. refnous more or less in line. actually had missed on both the top and bottom line last quarter. take a look at the reaction of the stock. we've got microsoft here. there we go. it's still down, however. sold 60 million windows 8 loy senses. no details on the surface sales. that's something else people may ask on the license call. at&t, strong on the bottom line, and actually missed on both the earnings for the same quarter last year. they said they saw smartphone fans, activated 18.6 iphones and 26% were
FOX Business
Jan 27, 2013 2:00am EST
for more spend more tax hikes and meaning property taxes go up. why? to pay for the benefits . taxpayers are saying wait a second, we get it . the union members understand the back lash, too. >> bill, your back shot was hard to digest, but there are so many overseas jobs that used to go to unimembers here. is there any way unions can bring those jobs back to china back home. >> yes, manufacturing jobs are coming back to north america because china is coming back. i disagree that the unions are on the defensive when it comes to government. they own government. >> one place it is growing is public sector. >> ebe mac touched on the reason why. government doesn't compete. they raise taxes. private sector where business is up to compete on the price of the product. unions make companies less competitive. >> what does it say about unions. they used to represent . people were proud to put the union label on the product. is that still true, steve? >> no, all you have to do is lookk at detroit and the legacy and companies that went in to right to work states and they paid competitive wages and di
NBC
Jan 25, 2013 6:00pm EST
gas tax increase proposals floating around annapolis than gas fumes at the pumps. the governor is keeping score. he joins us live from annapolis with more. are we going to have this gas tax or not? >> let me tell you, rob, it feels inevitable, but -- let me tell you, rod, it feels inevitable, but who really knows? there are no shortage of ideas. there are 10 proposals and counting. there are more gas tax proposals than fumes around the pomps. >> my hope is we can get support behind a set of ideas. >> proposals include allowing the local governments to raise taxes 10 cents per gallon. but they can only use the money for local transportation projects. >> we ask for hundreds of millions of dollars of transportation projects and then they say do not raise the gas tax. basically i am putting this back on them. >> the senate president is suggesting that the state sell a private operator and use the funds to pay for light rail expansion in montgomery and baltimore city. >> we need to give the governor to comment on the. >> rule republicans do not want their constituents to continue su
KOFY
Jan 24, 2013 12:00am PST
ticket to a better night's sleep ♪ hey! hey honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores district is changing the locks in an effort to protect students. by the end of february classroom doors in the lafayette school district will have newahandles that lock from the inside with a push of a button. the old doors locked only from the outside using a key. school officials say it will improve security in the wake of the sandy hook elementary tragedy ?ie. manti te'o -- >>> manti te'o admits he lied about the hoax even after he found out about the truth. he told katie couric that he enjoyed the feeling he was inspiring other people. >> my story i felt was a guy who in times of hardship and in times of trial really held strong to his faith, held strong to his family. i felt
ABC
Jan 23, 2013 11:00pm EST
. >> closer to home, unanimous lis lawmakers are talking. mikemel miller is proposing increasing the gas tax. thegovernor proposed it early on but left it out of the budget. miller says his proposal could raise about (30)000-0000 a year. the money is three hundred million dollars a year. >> new at 11:00, it's another crack in the glass ceiling, women will soon be allowed to serve in the front lines of the military. pinetta has been taking steps toward making this happen. last year, women were allowed in positions close ore the front line just not in them. now each branch has until next spring to move them closer. >> if they meet the standard, we just gained another soldier for our front line and that's good. >> some f these positions could open up as early as this year. more elite jobs like knave vie sales -- navy seals could take longer. we want to know how you feel about this, join in at abc2news.com /facebook. >> hillary clinton faced republican critics today answering questions about the terrorist attack in ben gasoline sooe. she told the panel that she took deaths personally insisti
MSNBC
Jan 27, 2013 11:00am PST
this is still a fight between how much spending cuts and how much taxes. the president got his -- >> well, simpson-bowles said let's get rid of the high tax rates. the president doesn't seem to be in favor of that mpt you had $1 trillion in tax increases with obama care. he just got new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt that they won't be able to handle if we keep going down the path we are on. >> but there are certainly those in the white house who would take issue with what you said or might even say to use your own criticism that's a straw man ar
FOX News
Jan 23, 2013 6:00pm PST
tax, at the time with mubarak and the current president morsi is hardly someone demonstrated he's committed to keeping peace with israel. i want to take a moment and remind our president before he delivers the remaining parts of the deal to morsi, exactly who he's dealing with, mohammed morsi is a muslim brotherhood member, a 9/11 truther, called the israelis descendents of apes and pigs and called them vampires and killers and stands with the palestinians and told an iranian news agency he'll reconsider the camp david accord and pushed through a sharia focused constitution and one more thing, mr. president, he called you a liar and america the enemy. here with the reaction of the troubling story former new york mayor rudy guiliani. you know the first questions that come to my mind are, why would anyone give these planes when they likely will be used to attack israel? >> it's hard to figure out exactly what else they could be used for. explain to me where egypt is threatened. egypt is not threatened by saudi arabia, egypt is not threatened by iran. egypt is not threatened by rus
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